MoneyHero (NASDAQ:MNY) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of MoneyHero (NASDAQ:MNY) from a hold rating to a strong sell rating in a research report released on Monday,Zacks reports.

Separately, Weiss Ratings cut shares of MoneyHero from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 18th. Two analysts have rated the stock with a Sell rating. According to data from MarketBeat, MoneyHero has a consensus rating of “Sell”.

MoneyHero Stock Performance

Shares of MoneyHero stock opened at $0.64 on Monday. The stock has a 50 day moving average price of $0.81 and a 200-day moving average price of $1.05. The stock has a market cap of $27.97 million, a price-to-earnings ratio of -1.93 and a beta of 1.28. MoneyHero has a one year low of $0.60 and a one year high of $1.60.

MoneyHero (NASDAQ:MNY) last announced its quarterly earnings data on Saturday, September 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $15.75 million during the quarter, compared to the consensus estimate of $21.53 million. MoneyHero had a negative net margin of 14.85% and a negative return on equity of 21.04%. Sell-side analysts predict that MoneyHero will post -0.17 earnings per share for the current fiscal year.

MoneyHero Company Profile

MoneyHero Group Limited (NASDAQ:MNY) operates a digital personal finance platform serving consumers across Greater Southeast Asia. Through its comparison websites and financial content, the company helps users research and compare products offered by banks, insurers and other financial institutions.

The company’s platforms cover products such as credit cards, personal loans, insurance policies, bank accounts and other personal finance services. MoneyHero generates revenue by connecting consumers with financial-product providers, while its content and comparison tools are designed to support financial decision-making and customer acquisition for partners.

MoneyHero has operations in markets including Hong Kong, Singapore, Taiwan, the Philippines and Malaysia through brands such as MoneyHero, SingSaver, Moneymax, Seedly and CompareHero.